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Question : Who has propounded the law of diminishing marginal utility?

Option 1: Marshall

Option 2: AC Pigou

Option 3: Gossen

Option 4: Hicks and Allen


Team Careers360 12th Jan, 2024
Answer (1)
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Team Careers360 14th Jan, 2024

Correct Answer: Gossen


Solution : Gossen is the proponent of the Law of Diminishing Marginal Utility.
The Law of diminishing marginal utility states that the marginal utility of a good or service declines as more of it is consumed by an individual.

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